Podcasts about napfa

In Episode #30 of NAPFA Nation, host Marie Swift speaks with Scott Levin, J.D., LL.M., MBA, CFP®, ChFC®, CAP®, MCEP®, Financial Advisor and Senior Estate Planning Specialist at Wescott Financial Group. Levin shares his passion for lifelong learning, the value of advanced education, and the importance of networking within the fee-only financial planning community. The duo discusses upcoming NAPFA conferences, which are designed to offer a wide range of educational content, from beginner to advanced topics, and enhanced networking opportunities. Levin explains how these events help advisors stay current, share best practices, and build professional relationships. Levin also highlights the unique value of working with NAPFA advisors, who are fee-only fiduciaries committed to high ethical standards and continuous improvement. He also shares his motivation for active involvement in NAPFA, including a desire to mentor others and foster a collaborative community. In a nutshell: The power of lifelong learning and credentials     Comprehensive, evolving NAPFA conference programming Motivation, mentorship, and professional fulfillment The fiduciary advantage of working with a NAPFA Advisor Special Note: In 2023, we rebranded the NAPFA podcast with a new album cover and series title: NAPFA Nation. We are shifting our monthly episodes to bring you inspiring conversations and key insights from leaders in the Fee-Only financial planning profession. Marie Swift, Founder and CEO of Impact Communications, will continue on as host, interviewing a variety of NAPFA members and professionals. You will still be able to find on this channel the 32 Mindset Mastery episodes with respected fiduciary financial planners and allied advocates who are committed to accomplishing great things as they master their own mindset and continue to serve their clients in the best ways possible. Brought to you by NAPFA - the National Association of Personal Financial Advisors - the country's leading professional association of Fee-Only financial advisors. Learn more about NAPFA at www.NAPFA.org.

In Episode #29 of NAPFA Nation, host Marie Swift speaks with Daphne Jordan, CFP®, Partner and Senior Wealth Advisor at Pioneer Wealth Management Group. Jordan discusses the importance of education as a transformative tool and shares insights into her experiences with diversity, equity, inclusion, and belonging (DEIB) in the industry, including her role in creating the NAPFA Diversity, Equity, and Inclusion Initiative, which highlights the necessity of creating a more inclusive financial planning environment. She also shares how her childhood understanding of money and education influences the advisor that she is now, and how she explores financial topics and common questions in a way that is approachable for her clients. They discuss her volunteer activities and why she devotes time to various industry leadership roles, the benefits of being a NAPFA member, and how Pioneer Wealth Management Group serves its clients. In a nutshell: Why education and financial literacy are powerful tools for transformation and empowerment     Insights from creating and leading NAPFA's Diversity, Equity, Inclusion, and Belonging initiative     The value of approachable, relatable conversations about money and financial planning     The personal and professional benefits of volunteerism and industry leadership     How Pioneer Wealth Management Group exemplifies client service Special Note: In 2023, we rebranded the NAPFA podcast with a new album cover and series title: NAPFA Nation. We are shifting our monthly episodes to bring you inspiring conversations and key insights from leaders in the Fee-Only financial planning profession. Marie Swift, Founder and CEO of Impact Communications, will continue on as host, interviewing a variety of NAPFA members and professionals. You will still be able to find on this channel the 32 Mindset Mastery episodes with respected fiduciary financial planners and allied advocates who are committed to accomplishing great things as they master their own mindset and continue to serve their clients in the best ways possible. Brought to you by NAPFA - the National Association of Personal Financial Advisors - the country's leading professional association of Fee-Only financial advisors. Learn more about NAPFA at www.NAPFA.org.

In Episode #28 of NAPFA Nation, host Marie Swift speaks with Knut A Rostad, MBA, President at The Institute for the Fiduciary Standard. Rostad discusses why he believes the fiduciary standard is dying at the SEC and what fee-only fiduciary advisors can do to protect it, a topic he explored in his NAPFA article: The Fiduciary Best Interest Standard is Dying at the SEC – Fee-Only Fiduciary Advisers Can Act to Preserve it. He underscores the importance of understanding the history of fee-only financial advisory and investment management and how NAPFA members uphold the fiduciary standard. He also shares why he is looking forward to the 2025 NAPFA Spring Conference, happening on May 7-10, 2025, in Phoenix, and more great insights. In a nutshell:    The dwindling fiduciary standard at the SEC: its implications for fee-only financial advisory and investment management, and how to address the problem The importance of understanding the history of fee-only financial advisory Why upholding the fiduciary standard is imperative, and NAPFA's role in supporting it The 2025 NAPFA Spring Conference: why he is attending and what there is to look forward to Special Note: In 2023, we rebranded the NAPFA podcast with a new album cover and series title: NAPFA Nation. We are shifting our monthly episodes to bring you inspiring conversations and key insights from leaders in the Fee-Only financial planning profession. Marie Swift, Founder and CEO of Impact Communications, will continue on as host, interviewing a variety of NAPFA members and professionals. You will still be able to find on this channel the 32 Mindset Mastery episodes with respected fiduciary financial planners and allied advocates who are committed to accomplishing great things as they master their own mindset and continue to serve their clients in the best ways possible. Brought to you by NAPFA - the National Association of Personal Financial Advisors - the country's leading professional association of Fee-Only financial advisors. Learn more about NAPFA at www.NAPFA.org.

In this episode of Talking Real Money, Don and Tom sound the alarm on a troubling trend: more people are dipping into their 401(k)s for emergencies. While hardship withdrawals are allowed under IRS rules, they come with serious penalties, taxes, and long-term setbacks. The hosts stress the importance of building an emergency fund before maxing out retirement contributions to avoid turning your future into a piggy bank. They also respond to questions about how to find fiduciary advisors and critique a high-yield income portfolio packed with risky, expensive ETFs—offering a reality check on chasing returns without understanding the risks. 0:04 Retirement talk kicks off with 401(k) praise—and a warning 2:08 Hardship withdrawals hit record levels; 5% of participants tapped accounts 3:50 Emergency fund should come before heavy 401(k) contributions 5:25 Auto-enrollment rises, but so does temptation to pull money 6:06 Weigh a 401(k) loan before a withdrawal—less damage long-term 7:47 IRS penalty exceptions outlined—some hardship cases qualify 9:35 Adulting tip: build that emergency fund, even if it's hard 10:57 Better to borrow elsewhere (even a credit card!) than touch your 401(k) 12:59 SEP IRAs great for self-employed—but require discipline to fund 14:17 Listener asks why they don't mention NAPFA more—they do! 17:25 Listener portfolio review: lots of income ETFs, lots of risk 20:33 Many holdings have high expense ratios, junk bonds, or complex strategies 22:33 Bottom line: get a professional review—and simplify the portfolio Learn more about your ad choices. Visit megaphone.fm/adchoices

In Episode #27 of NAPFA Nation, host Marie Swift speaks with Joni Alt, CFP® EA, Senior Wealth Advisor at Evermay Wealth Management. Alt is also a long-time NAPFA volunteer and NAPFA National Board Member. Alt discusses the 2025 NAPFA Spring Conference happening May 7-10, 2025 in Phoenix, how the conference planning team crafts the agenda for the event, determines its educational value, and builds community for all involved. Alt shares why she joined NAPFA 15 years ago – and why she continues to be a member. She also talks about the fiduciary standard, effective communication and education, and the importance of making a difference in other people's lives. In a nutshell: The 2025 NAPFA Spring Conference: who should attend and why   Benefits of being a NAPFA member and how serving in leadership roles pays off The fiduciary standard and why it should be an important consideration when selecting a financial advisor     Effective communication with clients and why the firm provides the services it does Special Note: In 2023, we rebranded the NAPFA podcast with a new album cover and series title: NAPFA Nation. We are shifting our monthly episodes to bring you inspiring conversations and key insights from leaders in the Fee-Only financial planning profession. Marie Swift, Founder and CEO of Impact Communications, will continue on as host, interviewing a variety of NAPFA members and professionals. You will still be able to find on this channel the 32 Mindset Mastery episodes with respected fiduciary financial planners and allied advocates who are committed to accomplishing great things as they master their own mindset and continue to serve their clients in the best ways possible. Brought to you by NAPFA - the National Association of Personal Financial Advisors - the country's leading professional association of Fee-Only financial advisors. Learn more about NAPFA at www.NAPFA.org.

Hi, and welcome to The Long View. I'm Christine Benz, director of personal finance and retirement planning for Morningstar. Our guest on the podcast today is Pam Krueger. Pam is the founder and CEO of Wealthramp, which seeks to match consumers with financial advisors who fit their needs. Pam is also the creator and co-host of MoneyTrack, seen on PBS and many other public media stations around the country. And she co-hosts the Friends Talk Money podcast with Terry Savage and Richard Eisenberg. In 2021, she received the Special Achievement Award from the National Association of Personal Financial Advisors, or NAPFA, for her work educating the public about the value of fee-only financial advice. Pam, welcome to The Long View.BackgroundBioWealthrampMoneyTrackFriends Talk Money podcastSearch for an Advisor“The Best Financial Advisor for you Might not Be Local,” by Pam Krueger, wealthramp.com, March 19, 2024.“Which Financial Advisor Credentials Matter Most?” by Pam Krueger, wealthramp.com, Feb. 26, 2024.“Financial Advisor vs. Financial Coach: Which Is Best?” by Pam Krueger, wealthramp.com, July 31, 2023.“How a Fiduciary Advisor Can Add Value to Your Portfolio,” by Pam Krueger, wealthramp.com, June 22, 2023.“What's in It for Me? Five Things You'll Need to Know When Choosing a Financial Advisor,” wealthramp.com, Feb. 16, 2023.“Protecting Your Interests: Why Fiduciary Matters,” wealthramp.com, March 6, 2023.“Better Financial Advice Starts With Better Advisor Conversations,” by Pam Krueger, wealthramp.com, Oct. 29, 2024.Other“Tiffany Aliche ‘The Budgetnista' Presents Money Match in Partnership With Wealthramp to Improve the Financial Advisor Search,” wealthramp.com, Oct. 19, 2023.“Tiffany Aliche: Helping People ‘Move Past the Shame,'” The Long View podcast, Morningstar.com, Nov. 20, 2023.BrokerCheck

In Episode #26 of NAPFA Nation, host Marie Swift speaks with Kevin Knull, CFP®, President of TaxStatus, about the critical role of IRS data in financial planning. They explore how real-time access to tax information can help advisors deliver more accurate, proactive, and scalable advice. Knull discusses how advisors can uncover hidden opportunities, prevent costly tax mistakes, and enhance client outcomes by leveraging complete tax records. He shares real-world examples, including a client who unknowingly missed out on significant tax savings and how advisors can differentiate themselves in an increasingly competitive landscape. The conversation also touches on the growing threat of tax-related identity theft, why fraud prevention is more urgent than ever, and how real-time monitoring of IRS data can protect clients from financial harm. In a nutshell: The power of complete IRS data in tax planning Avoiding costly tax mistakes and identifying savings opportunities Tax-related identity theft: risks and proactive defense strategies  How real-time tax data enhances financial planning and compliance   The organic growth advantage for fiduciary advisors Leveraging technology to scale advice and improve client relationships Special Note: In 2023, we rebranded the NAPFA podcast with a new album cover and series title: NAPFA Nation. We are shifting our monthly episodes to bring you inspiring conversations and key insights from leaders in the Fee-Only financial planning profession. Marie Swift, Founder and CEO of Impact Communications, will continue on as host, interviewing a variety of NAPFA members and professionals. You will still be able to find on this channel the 32 Mindset Mastery episodes with respected fiduciary financial planners and allied advocates who are committed to accomplishing great things as they master their own mindset and continue to serve their clients in the best ways possible. Brought to you by NAPFA - the National Association of Personal Financial Advisors - the country's leading professional association of Fee-Only financial advisors. Learn more about NAPFA at www.NAPFA.org.

In Episode #25 of NAPFA Nation, host Marie Swift speaks with Bob Veres, Publisher of Inside Information and co-producer of Bob Veres' Insider's Forum. The conversation focuses on the latest trends for fiduciary advisors and their clients. Veres shares some AI use cases for financial professionals and the potential SEC response. He discusses new automation that advisory firms are experiencing and the changes they may implement to grow effectively and focus on client services. Veres also shares how some advisors are revolutionizing the process behind client relationships. He tells the story of a fiduciary advisor who utilized a creative marketing strategy that paid off, discussing what firms can do to gain a competitive advantage as they fight against the big marketing budgets wielded by large brokerage firms. In a nutshell: Latest trends for fiduciary advisors    Innovative use of artificial intelligence     Managing compliance concerns    The organic growth imperative    Building client relationships  Creative marketing tactics How to stand out as a fiduciary advisor Special Note: In 2023, we rebranded the NAPFA podcast with a new album cover and series title: NAPFA Nation. We are shifting our monthly episodes to bring you inspiring conversations and key insights from leaders in the Fee-Only financial planning profession. Marie Swift, Founder and CEO of Impact Communications, will continue on as host, interviewing a variety of NAPFA members and professionals. You will still be able to find on this channel the 32 Mindset Mastery episodes with respected fiduciary financial planners and allied advocates who are committed to accomplishing great things as they master their own mindset and continue to serve their clients in the best ways possible. Brought to you by NAPFA - the National Association of Personal Financial Advisors - the country's leading professional association of Fee-Only financial advisors. Learn more about NAPFA at www.NAPFA.org.

As advisors prepare to take on a new year, chances are you are in the middle of planning out your goals and strategies. That's why we brought on Award-Winning Marketing Strategist, Tiffany Markarian, who is also the Managing Director of Advantus Marketing, LLC. Tiffany provides important insights on how advisors can avoid common missteps… and the not-so-common missteps…made during the sales and marketing process with clients and prospects. In addition, she provides tangible steps on the best approaches for developing meaningful relationships with clients. Also mentioned in the recording is a previous episode that Tiffany appeared in, entitled 3 Ways to Serve the Emotional Needs of Clients. Tiffany Markarian is an Award-Winning Marketing Strategist, Founder of Advantus Marketing, LLC, and an elite coach to wealth advisors and insurance professionals. She is a renowned industry author and speaker for numerous industry associations, including FPA, NAPFA, FSP, NAILBA, as well as financial institutions and broker/dealers. https://advantusmarketing.com/

Optimizing Time and Money   In this episode of Richer Soul, we sit down with Jen Goldman, a seasoned business transformist with 30 years of experience in revolutionizing small to mid-size businesses. Jen shares her journey, insights on scaling businesses, and her unique frameworks that drive sustainable success. From mindset shifts to operational efficiency, Jen brings transformative wisdom to the table.   Key Takeaways: The Power of Visualization and Collaboration: Jen emphasizes visualization as a cornerstone for success. Pairing this with productive collaboration allows businesses to harness collective strengths and achieve their goals effectively. Strategic Business Recalibration: For sustained growth, recalibrating operations, skills, and mindset is crucial. Jen highlights how Lean processes and optimized tech integration can propel businesses forward. Learning From Life's Financial Lessons: Early exposure to financial discipline shaped Jen's approach to money and business. Her experiences as a child taught her the value of budgeting and long-term planning. Work-Life Integration: Jen shares her perspective on maintaining balance through intentional planning and prioritization, emphasizing the significance of creating an environment conducive to personal and professional growth.   Money Learning: Jen's early exposure to financial management was shaped by her parents' deliberate actions to teach her the value of money. From tracking assets and liabilities on a DOS computer to paying rent after college, these lessons instilled a foundation of financial discipline. Today, Jen integrates these principles into her work with businesses, advocating for financial transparency and strategic money management.   Bio: Jen Goldman is a business transformist with decades of expertise in guiding service-oriented businesses. She specializes in operational efficiency, team scalability, and mindset alignment. Her frameworks, such as the 3Ps and a G Benefit Documentation and IDEOS®, have reshaped countless businesses. Jen is also a prolific contributor to publications like Inc., NAPFA, and Trust Advisor.   Key Discussion Points: Early Financial Lessons: Jen's childhood experience of learning financial management from her parents laid the groundwork for her career in business transformation. Scaling Businesses: The importance of recalibrating teams, integrating tech, and creating Lean processes. Visualizing Success: Jen shares how visualization tools and collaborative efforts bring clarity and drive growth. Adapting to Change: Her strategies for accelerating organizational change and fostering high adoption rates for new initiatives. Empowering Clients: Jen's approach to empowering business owners to reclaim time and boost profits.   Conclusion: Jen Goldman's journey underscores the power of aligning operational strategies with personal growth. Her transformative insights remind us that the path to success is often paved with intention, discipline, and a willingness to adapt. Whether you're an entrepreneur or a business leader, her strategies can help create a thriving, sustainable enterprise.   Links: Website: www.myvirtualcoo.com Monthly Problem Solution Tip: https://myvirtualcoo.us5.list-manage.com/subscribe?u=0d8879e9e581ebdfa76a788e0&id=26c05735bc LinkedIn: https://www.linkedin.com/in/jenniferagoldman/ LinkedIn Newsletter: https://www.linkedin.com/newsletters/business-transformations-6988142358995345409/ Facebook business page: https://www.facebook.com/MyVirtualCOO   Watch the full episode on youtube: https://www.youtube.com/@richersoul Richer Soul Life Beyond Money. You got rich, now what? Let's talk about your journey to more a purposeful, intentional, amazing life. Where are you going to go and how are you going to get there? Let's figure that out together. At the core is the financial well being to be able to do what you want, when you want, how you want. It's about personal freedom!   Thanks for listening!   Show Sponsor: http://profitcomesfirst.com/   Schedule your free no obligation call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes   If you like the show please leave a review on iTunes: http://bit.do/richersoul   https://www.facebook.com/richersoul http://richersoul.com/ rocky@richersoul.com   Some music provided by Junan from Junan Podcast   Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.

In Episode #24 of NAPFA Nation, host Marie Swift speaks with Bridget Venus Grimes, CFP®, President of WealthChoice and Co-Founder of Equita Financial Network. The conversation focuses on Grimes's expertise and passion for empowering women through financial education. Grimes shares the story and motivation behind launching her RIA firm, WealthChoice, as well as Equita Financial Network, a network and platform built for women-led and independently owned fee-only firms, discussing how she manages the capacity and growth of those companies. She emphasizes the value of a good community for success and discusses her experience as a CFP board ambassador and NAPFA member. Learn why Grimes strongly believes in upholding the fiduciary standard and many more valuable insights in this episode. In a nutshell: Financial planning for women The benefits of industry organizations Growth and capacity management Community and volunteer activities Succession planning NAPFA and the fiduciary standard Special Note: In 2023, we rebranded the NAPFA podcast with a new album cover and series title: NAPFA Nation. We are shifting our monthly episodes to bring you inspiring conversations and key insights from leaders in the Fee-Only financial planning profession. Marie Swift, Founder and CEO of Impact Communications, will continue on as host, interviewing a variety of NAPFA members and professionals. You will still be able to find on this channel the 32 Mindset Mastery episodes with respected fiduciary financial planners and allied advocates who are committed to accomplishing great things as they master their own mindset and continue to serve their clients in the best ways possible. Brought to you by NAPFA - the National Association of Personal Financial Advisors - the country's leading professional association of Fee-Only financial advisors. Learn more about NAPFA at www.NAPFA.org.

Today on the podcast, we welcome back Mark Berg. Mark is the founder of and lead advisor at Timothy Financial Counsel, which is an hourly financial planning firm that he started in 2000. Prior to launching Timothy Financial, Mark served as a client manager at a fee-only financial planning firm, and he has provided fee-only financial guidance since 1995. He holds a bachelor's degree in economics from Wheaton College and is a certified financial planner practitioner and NAPFA-registered financial advisor. He served on the national board of directors for the National Association of Personal Financial Advisors from 2008 through 2011. In the spirit of full disclosure, Timothy Financial is the firm that my husband and I use for financial planning. I have no financial relationship with the firm other than that we pay them for their services.BackgroundBioTimothy Financial Counsel“Mark Berg: Hourly Financial Planning Is ‘A Vast Blue Ocean,'” The Long View podcast, Morningstar.com, March 28, 2023.Funding for College“529 Plan Tips for Grandparents to Save for College,” by Emma Kerr, usnews.com, Sept. 7, 2021.“How to Allocate Assets for College Savings,” by Christine Benz, Morningstar.com, Jan. 19, 2022.“Morningstar 529 Ratings: The Best Plans of 2024,” by Hyunmin Kim, Morningstar.com, Oct. 29, 2024.“What to Do With Extra Money in Your 529 Plan,” by Amy Arnott, Morningstar.com, June 30, 2022.“The Best Way to Save for College,” by Christine Benz and Susan Dziubinski, Morningstar.com, Oct. 11, 2022.

In Episode #23 of NAPFA Nation, host Marie Swift speaks with Jennifer Dazols, CFP®, Founder and Lead Financial Planner, and Lisa Dazols, Head of Operations at Modern Family Finance. The conversation focuses on the Dazols' journey and motivation for creating Modern Family Finance. Their fee-only financial planning company focuses on typically underserved and underrepresented communities: women and LGBTQ+ individuals. Learn about their passion project, the documentary Out and Around, which showcases inspiring “Supergays” making impactful contributions across the globe, and their educational guides made in partnership with the It Gets Better Project. The Dazols also share their experience being members of NAPFA and Equita Financial Network. The discussion outlines the distinction between financial advisors who adhere to the fiduciary standard and why trust and transparency are central to Modern Family Finance. In a nutshell:   Financial planning nuances for women and LGBTQ+ individuals Out & Around, a documentary about the international LGBTQ+ movement Educational guides made in partnership with the It Gets Better Project to empower LGBTQ+ youth Financial planning communities that provide a sense of belonging and support     Why the Dazols embraced the fiduciary standard versus adoption of a traditional fee-based advisory firm Special Note: In 2023, we rebranded the NAPFA podcast with a new album cover and series title: NAPFA Nation. We are shifting our monthly episodes to bring you inspiring conversations and key insights from leaders in the Fee-Only financial planning profession. Marie Swift, Founder and CEO of Impact Communications, will continue on as host, interviewing a variety of NAPFA members and professionals. You will still be able to find on this channel the 32 Mindset Mastery episodes with respected fiduciary financial planners and allied advocates who are committed to accomplishing great things as they master their own mindset and continue to serve their clients in the best ways possible. Brought to you by NAPFA - the National Association of Personal Financial Advisors - the country's leading professional association of Fee-Only financial advisors. Learn more about NAPFA at www.NAPFA.org.

In Episode #22 of NAPFA Nation, host Marie Swift speaks with Luis Rosa, CFP®, EA, founder of Build a Better Financial Future. The discussion revolves around empowering first-generation wealth creators, particularly immigrants or children of immigrants, who often face challenges related to financial literacy and family obligations. Rosa highlights the significance of understanding client struggles such as “success guilt” and “lifestyle creep,” advocating for a hands-on, holistic financial planning approach that prioritizes clarity and simplicity. He outlines essential milestones in financial management, such as home purchasing and debt repayment, while emphasizing the benefits of a fee-only fiduciary service to eliminate conflicts of interest. The conversation also touches on the BLX internship program – a vital initiative he co-founded to enhance diversity within the financial planning field – and encourages advisors to actively engage in professional communities like NAPFA, XYPN, and FPA to foster growth and support. In a nutshell: First-Generation Wealth Creators have unique challenges While they may be first in their family to graduate college and get jobs with benefits in the US, they lack financial literacy despite good income They face challenges of the “sandwich generation” earlier and often struggle with balancing family responsibilities and personal financial goals Rosa works to help clients overcome success guilt and lifestyle creep through modular, hands-on planning with professional guidance and a holistic approach beyond investment management to implement plans in manageable steps Key milestones include buying a home, paying off debt, building emergency savings Learn more about Rosa and his company at  www.BuildaBetterFinancialFuture.com. Special Note: In 2023, we rebranded the NAPFA podcast with a new album cover and series title: NAPFA Nation. We are shifting our monthly episodes to bring you inspiring conversations and key insights from leaders in the Fee-Only financial planning profession. Marie Swift, Founder and CEO of Impact Communications, will continue on as host, interviewing a variety of NAPFA members and professionals. You will still be able to find on this channel the 32 Mindset Mastery episodes with respected fiduciary financial planners and allied advocates who are committed to accomplishing great things as they master their own mindset and continue to serve their clients in the best ways possible. Brought to you by NAPFA - the National Association of Personal Financial Advisors - the country's leading professional association of Fee-Only financial advisors. Learn more about NAPFA at www.NAPFA.org.

In Episode #21 of NAPFA Nation, host Marie Swift interviews Britta Koepf, CFP®, ChSNC®, founder of Tranquil Path Financial Planning. The discussion begins with Koepf's background and motivations for establishing her financial advisory practice, focusing on the unique challenges faced by families planning for the financial futures of both aging parents and their differently-abled children. Key topics include the importance of legacy planning, the use of special needs trusts and ABLE accounts, and the financial advisor's role as an intermediary between clients and legal professionals. She also shares her retainer-based fee structure, which is based on the complexity of services rather than assets under management. Based on the training she received through the Alliance of Comprehensive Planners and adoption of the ACP methodology, Koepf says the tax-focused retainer-based approach creates a rich environment for meaningful support and more open conversations with clients. She emphasizes the importance of holistic planning that incorporates tax strategies, and she reflects on her career path while offering valuable advice for aspiring financial planners, highlighting the growing representation of women in the field. In a nutshell: Special needs financial challenges include planning for two retirements: parents and the special needs child     Legacy planning is crucial for special needs families Special needs trusts and ABLE accounts can be important tools    An ABLE account (Achieving a Better Life Experience) is a tax-advantaged savings account designed to help individuals and their families save for disability-related expenses without affecting their eligibility for government assistance programs Medicaid, Social Security benefits, and SSI (Supplemental Security Income, a program administered by the Social Security Administration for disabled people) are factors to consider Koepf acts as an “attorney translator” which improves outcomes between clients and lawyers    The retainer-based business model gives Koepf the ability to do fee calculation based on complexity, not just assets, and the flat fee encourages open communication with clients    Koepf's journey from biomedical humanities to the financial planning profession serves as an example of how women can progress along a similar path A higher proportion of women offering holistic financial planning and advice is an idea embraced by Koepf and many others in the fee-only community Learn more about Koepf's professional services and mission at www.TranquilFP.com. Special Note: In 2023, we rebranded the NAPFA podcast with a new album cover and series title: NAPFA Nation. We are shifting our monthly episodes to bring you inspiring conversations and key insights from leaders in the Fee-Only financial planning profession. Marie Swift, Founder and CEO of Impact Communications, will continue on as host, interviewing a variety of NAPFA members and professionals. You will still be able to find on this channel the 32 Mindset Mastery episodes with respected fiduciary financial planners and allied advocates who are committed to accomplishing great things as they master their own mindset and continue to serve their clients in the best ways possible. Brought to you by NAPFA - the National Association of Personal Financial Advisors - the country's leading professional association of Fee-Only financial advisors. Learn more about NAPFA at https://www.NAPFA.org.

Adam Koós, CFP®, CMT, CFTe, CEPA is the President and portfolio manager at Libertas Wealth Management Group, Inc., a NAPFA-affiliated, Fee-Only Fiduciary RIA firm, located in Columbus, Ohio. Adam grew up absorbing the power of deep, meaningful relationships that his father fostered in his optometry practice. This early exposure to entrepreneurialism sparked his desire to one day own a business where he could significantly impact others' lives. His professional journey began just 10 days before the tragic attack on the World Trade Center in 2001, and he has since guided his clients through four of the worst market crashes in U.S. history. Adam has been named by Columbus Business First as one of their 20 People to Know in Finance, is a recipient of the Forty Under 40 award, is ranked by Investopedia as one of the Top-100 Most Influential Financial Advisers in the U.S., and is the winner of the coveted Better Business Bureau Torch Award for Ethics and Trust.  

In Episode #20 of NAPFA Nation, Christine Simone, founder and CEO of healthcare software company Caribou, and host Marie Swift delve into the vital intersection of healthcare and financial planning. As they explore the significance of healthcare in financial strategies, especially during pivotal life events like retirement, divorce, and job changes, Simone emphasizes the need for advisors to be well-informed about health plan options and Medicare. The conversation highlights the complexities of Medicare, advocating for advisors to initiate discussions with clients at least a year before they reach 65. With a focus on enhancing advisors' educational resources, the episode also teases a resource to help advisors with crucial information for navigating healthcare options: the upcoming Survival Guide for Open Enrollment, set to launch in November. The discussion includes an introduction to Caribou's healthcare planning software, designed to bridge the gap in comprehensive financial tools addressing healthcare costs. In a nutshell: The Medicare decision-making process can be complicated     Software can decision-making for health plan selection and Medicare options Retirement is a common life event where healthcare is discussed  Early retirement (before 65) poses challenges due to high insurance costs    Advisors need education on health plan options and Medicare  Holistic financial practitioners are now including additional aspects in financial plans    The latest T3/Inside Information survey shows growth in estate and tax planning software adoption    Beware the risks of outsourcing to insurance agents who may not present all options Learn more about Caribou's mission and health care planning software at www.CaribouWealth.com. Special Note: In 2023, we rebranded the NAPFA podcast with a new album cover and series title: NAPFA Nation. We are shifting our monthly episodes to bring you inspiring conversations and key insights from leaders in the Fee-Only financial planning profession. Marie Swift, Founder and CEO of Impact Communications, will continue on as host, interviewing a variety of NAPFA members and professionals. You will still be able to find on this channel the 32 Mindset Mastery episodes with respected fiduciary financial planners and allied advocates who are committed to accomplishing great things as they master their own mindset and continue to serve their clients in the best ways possible. Brought to you by NAPFA - the National Association of Personal Financial Advisors - the country's leading professional association of Fee-Only financial advisors. Learn more about NAPFA at https://www.NAPFA.org.

Este episodio es el primero de la serie "¿Cómo es Trabajar con un Financial Planner?". La idea es ayudarte para qué sepas qué esperar y que entiendas el proceso de planeación financiera de la A a la Z. En este primer episodio de la serie, te platico sobre la primera vez que un cliente potencial se reúne con un financial planner: ¿de qué hablamos? ¿qué tipo de preguntas hago? ¿porqué es importante responderlas con transparencia y honestidad? ¿Qué sigue?Además, te comparto qué es lo que debería hacer un financial planner cuando lo que necesitas está fuera de su área de experiencia. Encuentra financial planners que no venden seguros u otros productos financieros en: NAPFAXY Planning NetworkGarrett Planning NetworkImportante: Yo soy miembro de NAPFA y de XY Planning NetworkInscríbete a mi boletín en http://miguelgomez.link/correoEncuentra Dinero en Español en tu plataforma favorita: http://linktr.ee/miguelgomezNo olvides dejarme tu reseña y tus estrellas en iTunes y Spotify. Nota de mis abogados: Sophronia Wealth Advisors (“Sophronia”) is a registered investment advisor offering advisory services in the State of Texas and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. This communication is for informational purposes only and is not intended as tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, or other securities or non-securities offering. This communication should not be relied upon as the sole factor in an investment making decision.

In Episode #19 of NAPFA Nation, Amy Irvine of Rooted Planning Group, shares with podcast host Marie Swift her journey in financial planning. From rebranding her firm, empowering women in financial planning, attracting male clients too, promoting pay equity and DEI within the firm, building client relationships, creating an ensemble of talented women professionals at Rooted Planning Group, and embracing NAPFA membership, Irvine has accomplished a lot in her financial services career. In a nutshell: Irvine encourages all team members and NAPFA members to complete NAPFA's DEI training and to promote their involvement in NAPFA activities    She explains the rationale behind rebranding from Irvine Wealth Planning Strategies to Rooted Planning Group and why she focuses on empowering women in financial planning Providing education and advice without requiring high assets under management – lives under care, not assets under management – has helped the firm attract clients Rooted Planning Group also attracts male clients who value the education and advice provided because men seek to set an example for their daughters or desire the educational approach of the firm Irvine discusses pay equity within her firm and transparency in salaries, as well as efforts to coach clients on achieving pay equity in their own careers Embracing DEI strengthens client relationships by addressing unconscious biases Learn more about Rooted Planning Group at https://www.RootedPG.com. Special Note: In 2023, we rebranded the NAPFA podcast with a new album cover and series title: NAPFA Nation. We are shifting our monthly episodes to bring you inspiring conversations and key insights from leaders in the Fee-Only financial planning profession. Marie Swift, Founder and CEO of Impact Communications, will continue on as host, interviewing a variety of NAPFA members and professionals. You will still be able to find on this channel the 32 Mindset Mastery episodes with respected fiduciary financial planners and allied advocates who are committed to accomplishing great things as they master their own mindset and continue to serve their clients in the best ways possible. Brought to you by NAPFA - the National Association of Personal Financial Advisors - the country's leading professional association of Fee-Only financial advisors. Learn more about NAPFA at https://www.NAPFA.org.

In Episode #18 of NAPFA Nation, Jordan Dyson, Manager of Associate Development at Buckingham Wealth Partners, talks with podcast host Marie Swift about her involvement in DEI (Diversity, Equity, and Inclusion) initiatives. Dyson advocates for greater inclusion and representation in the financial planning profession through various roles at Buckingham, encompassing client service, operations, strategic initiatives, and her focus on learning and development programs. She stresses the importance of experiential learning, intellectual humility, and the link between employee development and inclusion initiatives. In a nutshell: Dyson talks about her community engagement and volunteer efforts, highlighting Buckingham's pro bono commitment and providing advice for authentic community involvement Buckingham's equitable hiring practices, DEI Council, and Foundations for Belonging program, which is an experiential learning workshop that helps team members appreciate the differences in others, engage with their own unconscious bias, and create a dialogue in order to nurture a more inclusive environment, are noteworthy Dyson's background, including her education and career journey, can serve as an inspiration for all advisors, especially younger next-generation leaders from underrepresented populations such as Dyson's   Resources like Advisors Give Back, and the BLX Internship Program are mentioned (see previous NAPFA Nation podcast episodes to hear more about these meaningful programs) – in addition, Buckingham supports the Foundation for Financial Planning Learn more about Buckingham Wealth Partners at www.BuckinghamWealthPartners.com. Special Note: In 2023, we rebranded the NAPFA podcast with a new album cover and series title: NAPFA Nation. We are shifting our monthly episodes to bring you inspiring conversations and key insights from leaders in the Fee-Only financial planning profession. Marie Swift, Founder and CEO of Impact Communications, will continue on as host, interviewing a variety of NAPFA members and professionals. You will still be able to find on this channel the 32 Mindset Mastery episodes with respected fiduciary financial planners and allied advocates who are committed to accomplishing great things as they master their own mindset and continue to serve their clients in the best ways possible. Brought to you by NAPFA - the National Association of Personal Financial Advisors - the country's leading professional association of Fee-Only financial advisors. Learn more about NAPFA at https://www.NAPFA.org.

We continue the recent theme of podcast listeners becoming podcast guests as I'm joined by Arcelia Wicker on the episode today. He is a financial planner at Bay Capital Advisors in the Virginia Beach area.  We chat about his personal experiences of personal finances and how going through Financial Peace University helped him and his wife get their own financial house in order before going on to help host and teach the program for many years. When he realized that he would do that kind of work for free, it sparked an exploration of how to break into the world of financial advice and become the financial planner that he had always wanted. Thanks to getting out of his comfort zone and networking with his local FPA and NAPFA groups, Arcelia built a support network that helped him find his own path. We talk about his educational experience through the American College CFP/ChFC program, how Hannah Moore's externship gave practical and real-life examples of planning with clients, and how he balanced study time with active duty, family responsibilities, and prepping for the career transition. I love Arcelia's transparency across the lessons learned including how he ultimately passed the CFP exam, how he overcame a rescinded job offer, and his reframing of these setbacks. One of the things that struck me the most was how having his own financial house in order including being prepared to make their family lifestyle work post-military without a second income gave him the financial and mental capacity to wait for the right position. I know you can also find inspiration from his lessons learned and career advice.   Arcelia also wants to extend an offer to connect if you are interested in learning more about his story or getting some perspective on your own career journey. You can connect with him on LinkedIn by checking the show notes for his profile. https://www.linkedin.com/in/arcelia-wicker-jr-chfc/ https://baycapitaladvice.com/ https://amplifiedplanning.com/externship/

In Episode #17 of NAPFA Nation, Mike Walther, founder and President of Oak Wealth Advisors, talks with podcast host Marie Swift about working as a financial planning team focused on assisting families with differently abled loved ones. Walther's experiences with his autistic brother inspired the firm's focus on specialized financial planning. Oak Wealth Advisors is recognized for addressing special needs challenges with benefits like supplemental Social Security income and Medicaid, and puts an emphasis on education and advocacy. The firm offers resources on ABLE accounts that promote independence for people with disabilities, collaborates with universities and nonprofits for awareness on special needs planning, and promotes inclusion by featuring artwork by individuals with different abilities. This artwork is incorporated into client communications, showcasing the firm's dedication to diversity, equity, and inclusion. Oak Wealth Advisors engages with organizations offering employment opportunities to empower individuals with disabilities, demonstrating commitment to DEIB principles. In a nutshell: The conversation highlighted societal shifts toward embracing neurodiversity and challenging stigmas related to different abilities Walther stressed the importance of recognizing diverse skill sets for innovation and inclusivity    He advocates for individuals, encompassing a wide spectrum of abilities, participating in NAPFA initiatives like DEI committees to raise awareness on disability inclusion within professional circles, and empowering families to make informed decisions Learn more about Oak Wealth Advisors at www.OakWealth.com. Special Note: In 2023, we rebranded the NAPFA podcast with a new album cover and series title: NAPFA Nation. We are shifting our monthly episodes to bring you inspiring conversations and key insights from leaders in the Fee-Only financial planning profession. Marie Swift, Founder and CEO of Impact Communications, will continue on as host, interviewing a variety of NAPFA members and professionals. You will still be able to find on this channel the 32 Mindset Mastery episodes with respected fiduciary financial planners and allied advocates who are committed to accomplishing great things as they master their own mindset and continue to serve their clients in the best ways possible. Brought to you by NAPFA - the National Association of Personal Financial Advisors - the country's leading professional association of Fee-Only financial advisors. Learn more about NAPFA at https://www.NAPFA.org.

In Episode #16 of NAPFA Nation, Jeff Jones of Longview Financial Advisors, Abby Hasling of The Mather Group, and Stephen Fletcher of EVOadvisers, talk with podcast host Marie Swift about the many reasons they have volunteered their time and energy for NAPFA leadership roles over the years. The episode highlights the benefits of volunteerism and how it enhances leadership skills, facilitates networking and connections, and improves personal, professional, and firm outcomes. Jones discusses his journey of joining NAPFA, serving on the board for eight years, and the personal growth and networking opportunities he gained through volunteerism. Hasling shares her involvement in committees like the NAPFA Women's Initiative and emphasizes the positive impact of volunteer work on personal and professional development. Fletcher highlights how volunteering with NAPFA provided him with diverse perspectives, leadership opportunities, and significant career advancements. All three underscored the welcoming nature of NAPFA's community and how saying yes to volunteer opportunities had positively impacted their lives. In a nutshell, you'll hear: How to get started on the NAPFA volunteerism path Why it makes sense to be proactive and reach out to committee members for insights If there is ever “a wrong yes” in Starting the volunteer journey leads to personal growth, building connections, and overall association development. The speakers share valuable insights about volunteer activities within organizations like NAPFA for professional advancement and meaningful engagement in a supportive community. The trio collectively emphasize the benefits of volunteerism in NAPFA for personal and professional development. Learn more about Longview Financial Advisors at www.LongviewFA.com, The Mather Group at www.TheMatherGroup.com, and EVOadvisers at www.EVOadvisers.com. Special Note: In 2023, we rebranded the NAPFA podcast with a new album cover and series title: NAPFA Nation. We are shifting our monthly episodes to bring you inspiring conversations and key insights from leaders in the Fee-Only financial planning profession. Marie Swift, Founder and CEO of Impact Communications, will continue on as host, interviewing a variety of NAPFA members and professionals. You will still be able to find on this channel the 32 Mindset Mastery episodes with respected fiduciary financial planners and allied advocates who are committed to accomplishing great things as they master their own mindset and continue to serve their clients in the best ways possible. Brought to you by NAPFA - the National Association of Personal Financial Advisors - the country's leading professional association of Fee-Only financial advisors. Learn more about NAPFA at https://www.NAPFA.org.

Is college planning stressing you out? Are you excited about your child's college journey but worried about how to pay for it? I've got you covered. Ann Garcia is a certified financial planner and expert in college planning.   Ann shared some amazing insights and tips to help you navigate the overwhelming process of preparing for college financially. From discussing the benefits of college as an investment to understanding student loans, Ann breaks down the complexities of college planning in simple terms.   In this episode, you'll discover: The types of scholarships available and how to maximize them Benefits of 529 plans for saving for college How to manage student loans to ensure your child doesn't graduate with a mountain of debt Tips for navigating the college application process   If you're a parent or student preparing for the college journey, this episode is for you. Ann's expertise and practical advice will help you approach the college planning process with confidence and clarity and empower you to make informed decisions about college planning.   Connect With Ann: Website | Facebook | LinkedIn   Check out Ann's College Financial Plan Masterclass and use code Mompreneur for a 20% discount.   About Ann: Besides a dozen years as a financial advisor, Ann's business background includes marketing and strategic planning in the technology industry and owning two businesses. Ann holds the CFP® designation and earned her BA from the University of California, Berkeley. She is the author of How to Pay for College and a member of Phi Beta Kappa and of NAPFA, the leading association of fee-only financial advisors.   Be sure to follow this podcast to automatically receive new episodes: Apple | Spotify | Webpage   Connect With Martine: Website | LinkedIn | Instagram   Book A Free Clarity Call with Martine: https://calendly.com/martinewilliams/clarity-call   Check out my favorite books and items to make life and business a little more simple and a lot more fun!: http://www.shop.martinesfavoritethings.com    About Martine Williams: Martine is a life coach, public motivator, podcaster, author, and mompreneur who helps other mompreneurs win at work without losing themselves in the process. Martine brings her experience as a certified PDP Professional and life coach to coach entrepreneurs on how to illuminate their strengths, cultivate their confidence, and elevate their lives. She also loves inviting mompreneur guests on the show to share their perspectives and provide inspiration, success tips, life hacks, and skills for a burnout-proof life and business. This podcast is edited and produced by: Chris Assist Media

In Episode #15 of NAPFA Nation, Steve Doster, a senior wealth advisor at Rowling & Associates in San Diego, and Michelle Wilson, an independent fiduciary advisor with Athens Impact Socially Responsible Investments in rural Ohio, talk with podcast host Marie Swift about the formation of NAPFA Pride, an affinity group for LGBTQ+ members. Each shares their involvement and goals for the group. The episode highlights upcoming events like a happy hour at the NAPFA conference for members interested in joining NAPFA Pride. Beyond conference gatherings, NAPFA Pride also organizes webinars and conversation circles. They are always looking for committee members and volunteers to organize events. These two NAPFA Members also discuss their specialties in retirement planning, ESG investing, socially responsible investing, and supporting nontraditional families. Doster talks about his nomadic lifestyle living in an Airstream trailer to inspire clients to pursue their dreams without waiting. Wilson, who has even delivered a compelling TEDx talk on Money Scripts, talks about supporting nontraditional families and community initiatives that create a sense of purpose, including plans to open a nonprofit for credit counseling in the community. In a nutshell, you'll hear about: How Wilson and Doster focus on being ethical and inclusive in their work as financial planners and fiduciary advisors Why they embrace socially responsible investing, diversity, nontraditional families and community work What makes them “tick” outside of their financial planning work with clients and financial education efforts within their communities Wilson believes you should live how you live, love who you love, and live out loud so others will know they are not alone – that that our lives can be a form of activism. Learn more at www.AthensImpact.com. Doster's personal goal is to spread the word that everyone can get conflict-free financial advice without being sold expensive products. His firm, like Wilson's, offers fiduciary, fee-only financial advice and wealth management. Learn more at www.Rowling.com. Special Note: In 2023, we rebranded the NAPFA podcast with a new album cover and series title: NAPFA Nation. We are shifting our monthly episodes to bring you inspiring conversations and key insights from leaders in the Fee-Only financial planning profession. Marie Swift, Founder and CEO of Impact Communications, will continue on as host, interviewing a variety of NAPFA members and professionals. You will still be able to find on this channel the 32 Mindset Mastery episodes with respected fiduciary financial planners and allied advocates who are committed to accomplishing great things as they master their own mindset and continue to serve their clients in the best ways possible. Brought to you by NAPFA - the National Association of Personal Financial Advisors - the country's leading professional association of Fee-Only financial advisors. Learn more about NAPFA at https://www.NAPFA.org.

In Episode #14 of NAPFA Nation, David Flores Wilson, Managing Partner of fee-only wealth management and financial planning firm Sincerus Advisory, talks with podcast host Marie Swift about his experience representing his Guam in the 200-meter run at the 1996 Olympic Games in Atlanta, Georgia, and his involvement with the Lower East Side Girls Club and other non-profit organizations. To prepare for the Olympics, he took a gap year after high school, and split time between training in Australia and back in Guam with Coach Carl Cruz. He says he would not be where he is today without his family's support, a great education, hard work, and a bit of luck/timing. He has a deep appreciation for the land and people that make the Chamorro culture so unique. Given his background, it's no surprise that he enjoys traveling, reading, Brazilian Jiu-jitsu, yoga and snowboarding in his free time. Wilson discusses his professional credentials, including being a CFA® (Chartered Financial Analyst) and CFP® (Certified Financial Planner) professional, as well as earning designations such as AEP (Accredited Estate Planner) and CEPA (Certified Exit Planning Advisor), and how he specializes in working with business owners and entrepreneurs, providing comprehensive financial planning services. He also works with Gen X and Gen Y clients who are still accumulating wealth, providing pro-active life event and transitions planning (college financial planning, marriage, real estate purchases and sudden wealth). In terms of philanthropy, he encourages clients to be pursue purpose and to be proactive when it comes to giving back. In a nutshell, here's what you'll learn about: The collaborative approach that he and fellow Sincerus partner Dan Ryan took when merging their two independent financial planning firms  The commitment they have to building a firm that offers opportunities for the next generation Creating meaningful impact through financial planning  The pros and cons of using rating systems to evaluate charities and nonprofits based on one's goals and passions  A NAPFA Member since 2018, David Flores Wilson, CFA, CFP®, AEP®, CEPA, was named by Investopedia as one of the Top 100 Financial Advisors in 2019 and 2020. His financial guidance has appeared on CNBC, Yahoo! Finance, the New York Times, US News & World Report, Kiplinger, and InvestmentNews. He sits on the Board of Directors as Treasurer for the Lower East Side Girls Club, and is active with the Entrepreneur Organization Accelerator Program, Estate Planning Council of New York City, Advisors in Philanthropy (AiP), and the Exit Planning Institute. Learn more at www.SincerusAdv.com. Special Note: In 2023, we rebranded the NAPFA podcast with a new album cover and series title: NAPFA Nation. We are shifting our monthly episodes to bring you inspiring conversations and key insights from leaders in the Fee-Only financial planning profession. Marie Swift, Founder and CEO of Impact Communications, will continue on as host, interviewing a variety of NAPFA members and professionals. You will still be able to find on this channel the 32 Mindset Mastery episodes with respected fiduciary financial planners and allied advocates who are committed to accomplishing great things as they master their own mindset and continue to serve their clients in the best ways possible. Brought to you by NAPFA - the National Association of Personal Financial Advisors - the country's leading professional association of Fee-Only financial advisors. Learn more about NAPFA at https://www.NAPFA.org.

David Marra is a Co-Founder and Managing Director of Markin and leads Research and Portfolio Management for Markin Asset Management. David has been an invited speaker on quantitative asset management at numerous family offices, hedge funds, conferences, and organizations including ALTSLA, NAPFA, and the Financial Planning Association (FPA). Throughout his career, David has developed a unique ability to explain complex portfolio concepts in a language advisors can use in client communications. David received an MBA from the University of Chicago, Booth School of Business where he was a Fellowship recipient. He's been a Principal with the Boston Consulting Group, a founder of two artificial intelligence firms including a quantitative investment research firm, and early in his career was an assistant to Japan's former Minister of Defense.    Listen to this insightful RIA episode with David Marra about using AI to reduce risk. Here is what to expect on this week's show: - Why it's it important to not be over-trusting of algorithms and remember the principles of finance and investing. - How Markin Asset Management takes a proactive approach to investing by targeting specific investor preferences to achieve desired outcomes. - Why Markin Asset Management methodology allows for better risk control, reduced exposure to downside risk, and improved income profiles for clients. - How Markin Asset Management aims to achieve a higher risk-adjusted return. - Why Markin Asset Management uses datasets and new technologies, like ChatGPT, to enhance their algorithms.   Connect with David: Links Mentioned: https://markinfunds.com/   Learn more about your ad choices. Visit megaphone.fm/adchoices

EPISODE SUMMARY: In this episode, Kyle and Michael cover Annual Benefits Enrollment. Topics covered include: 401k/Roth 401k Plans, Employer-Sponsored Health Insurance, Health Savings Accounts, Long Term Disability Insurance, Life Insurance, and much more. Skip the Fluff Time Marker: 54:33Schedule a CallRESOURCES:LMFAO - “Sexy and I Know It”Chris Stapleton - “White Horse”Charlie Blackmon Walk up401k PlanRoth 401k PlanVesting SchedulePreferred Provider Organization (PPO) Plan vs. High Deductible Health Plan (HDHP)Health Savings Account (HSA) limits for 2023 and 2024Lively HSA ProviderLong-Term Disability InsuranceTerm Life InsuranceEpisode #4 - Life Insurance w/ Andy FlatteryMichael Pyle - Challenge Everything FinancialWebsite,LinkedIn,Facebook,X (Twitter)Kyle Hill, CFP® - Hill-Top Financial Planning, LLCWebsite,LinkedIn,Kansas City Financial Advisors Network (KCFAN)XY Planning Network (XYPN),NAPFA, FEE-ONLY Network,

Jim Ludwick is the founder of MainStreet Financial Planning, an hourly, fee-only financial planning firm, and Procrastination Junction, a coaching program for fee-only financial advisors looking to improve their sales skills. Jim stands out for his three-decade track record in transforming hesitant prospects into loyal fee-only financial planning clients, not through aggressive sales tactics, but by assisting them in their journey from their current situation to their ideal financial position, effectively helping them overcome their own procrastination. Listen in as Jim shares his journey to success in the financial services industry, discussing how he leveraged networks like the Garrett Network and NAPFA to bolster referrals, as well as why he modified his sales funnel to enhance conversion rates and profitability. You'll hear his perspective on the key to building a top-tier fee-only financial advice business, how he structured his firm around the core principle of work-life balance, and what game-changing strategy enabled him to scale his business. For show notes and more visit: https://www.kitces.com/346

Money, the universal medium of exchange, holds a complex place in our lives. While universally desired for its ability to provide financial security, people's opinions and attitudes towards it can vary significantly.Jeff Bernier, a Certified Financial Planner, draws inspiration for his book "The Money and Meaning Journey" from his desire to merge the concept of wealth management with finding personal meaning and purpose in life. He defines money as a means of freedom of choice, relative to an individual's needs for a fulfilling life. We also talk about the benefits of effective wealth management that extend beyond financial security. By adopting sound wealth management practices, you gain the ability to plan for your long-term goals, mitigate financial risks, and make informed decisions about investments. It enables you to create a solid foundation for future generations, and enjoy a sense of peace and confidence in their financial journey.Are you ready to embark on your own Money and Meaning journey? Join us with this insightful talk with Jeff!Episode Highlights:About Jeff's book “The Money and Meaning Journey” and what inspired him to write itHis definition of money in one sentenceHow people can find their life's purpose while doing their jobsHow to construct financial plan that fuels life's purposeMistakes people is making when it comes to managing their financesAbout the Guest:Jeff Bernier is a CERTIFIED FINANCIAL PLANNER® (CFP®) professional, a Certified Fund Specialist (CFS), and a Chartered Financial Consultant (ChFC), and a proud member of NAPFA, The National Association of Personal Financial Advisors. Jeff's holistic, objective approach to financial planning is designed to relieve your financial worries and give you the confidence to lead a life rich in value and significance. Building on three decades of experience helping clients strive for complete financial confidence, Jeff opened the doors to TandemGrowth Financial Advisors, a fee-only RIA, in 2003, Today, he focuses on working with affluent executives and entrepreneurs to create the financial capacity to support their vision for the future—before the final stages of their career. Working in pursuit of your best interest, Jeff and his team provide holistic financial planning, retirement transition strategies, and asset and investment management, and provide the insights you need to evaluate the opportunities, benefits, costs, and tradeoffs of your personal financial and life choices. Connect with Jeff:Website | jeffbernierauthor.comTwitter | @TandemGrowthLinked In | www.linkedin.com/in/jeffberniercfpListen to his podcast!Apple Podcast | podcasts.apple.com/us/podcast/the-money-and-meaning-showGrab yourself a copy of his book!Top Software Engineers from Eastern Europe | IT Staff Augmentation | Money Back GuarantyBoost your tech team with top IT talent, risk-free hiring, 10% off with code ECHO PODCAST.Authorhina - Career Guidance Check out how that worksDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the show

Planning for college isn't impossible— and it is important! Ann Garcia has made it her goal to share her knowledge on the topic with as many people as possible.  Ann Garcia has helped thousands of families save millions of dollars on college. Her book How to Pay for College offers a step-by-step process to get a great college education at a price that works for your family. Link to ⁠video⁠ Connect with Ann From Ann:  Like you, I'm a parent. I have twins who are attending their top-choice colleges—one at an elite private school, the other at an out-of-state public school—because they were able to get scholarship packages that made those choices fit our family's budget.  I'm also a CFP® and owner of Independent Progressive Advisors, a fee-only Registered Investment Advisor in Portland OR, author of The College Financial Lady blog  (thecollegefinanciallady.com). My blog has approximately 15,000 subscribers in various media (blog, Facebook). In addition, I'm regularly cited in national media (New York Times, US News & World Report) on the subject of college planning. I earned a BA from the University of California, Berkeley, and am a member of Phi Beta Kappa and of NAPFA, the leading association of fee-only financial advisors.   Early in my career as an advisor, I noticed that clients had so many questions about college—and very few advisors were willing to tackle those questions. Since I kept hearing the same questions again and again (and wanted the answers myself), I started writing down answers in blog format, and The College Financial Lady was born. After seven years, I have developed a wealth of content on this topic through research, interaction with readers, and personal experience. Two years ago, I had an opportunity to put my knowledge to the test when the time came for my own children to apply to college.

Our guest on the podcast today is Mark Berg. He is the founder of and lead advisor at Timothy Financial Counsel, which is an hourly financial planning firm that he started in 2000. Prior to launching Timothy Financial, Berg served as a client manager at a fee-only financial planning firm and has provided fee-only financial guidance since 1995. He holds a bachelor's degree in economics from Wheaton College and is a certified financial planner practitioner and is registered with the National Association of Personal Financial Advisors. He served on the national board of directors for NAPFA from 2008 through 2011. Timothy Financial is the firm that Christine Benz and her husband use for financial planning, and a member of Jeff Ptak's family is a Timothy Financial client as well.BackgroundBioTimothy Financial Counsel“Scaling Up to $1.4M of Revenue With (Only) Hourly Financial Planning Fees With Mark Berg,” by Michael Kitces, Financial Advisor Success podcast, March 20, 2018.InfluencesGarrett Planning Network“Voices: Sheryl Garrett, on the Evolution of a Planning Firm,” Thomas Coyle, The Wall Street Journal, Dec. 31, 2009.“Sheryl Garrett: ‘The Industry Thought I Was Nuts,'” The Long View podcast, Morningstar.com, July 17, 2019.Tax Planning/Direct Indexing“An Inside Look at Direct Indexing,” by Danny Noonan, Morningstar.com, March 23, 2023.“Could Direct Indexing Lower Your Taxes?” by John Rekenthaler, Morningstar.com, March 27, 2023.“4 Questions About Direct Indexing,” by Sheryl Rowling, Morningstar.com, Oct. 24, 2022.Retirement“What Is the ‘Retirement Spending Smile'?” by Wade Pfau, Retirement Researcher.ResourcesMichael KitcesFinancial Planning AssociationThe National Association of Personal Financial Advisors (NAPFA)OtherMorningstar Investment Conference 2023

Ann's Bio:I'm also a CFP® and owner of Independent Progressive Advisors, a fee-only Registered Investment Advisor in Portland OR, author of The College Financial Lady blog  (thecollegefinanciallady.com). My blog has approximately 15,000 subscribers in various media (blog, Facebook). In addition, I'm regularly cited in national media (New York Times, US News & World Report) on the subject of college planning. I earned a BA from the University of California, Berkeley, and am a member of Phi Beta Kappa and of NAPFA, the leading association of fee-only financial advisors.  Early in my career as an advisor, I noticed that clients had so many questions about college—and very few advisors were willing to tackle those questions. Since I kept hearing the same questions again and again (and wanted the answers myself), I started writing down answers in blog format, and The College Financial Lady was born. After seven years, I have developed a wealth of content on this topic through research, interaction with readers, and personal experience. Two years ago, I had an opportunity to put my knowledge to the test when the time came for my own children to apply to college. Social:Twitter: @anngarciacfpLinkedin:  https://www.linkedin.com/in/ann-garcia-cfp/https://howtopayforcollege.comhttps://www.ipawealthmanagement.com/Music in this episode was obtained from bensound.

Want to support your child's education, but don't know where to start? Worried that contributing to your child's college fund may impact building your retirement account? Saving for college can be nerve-wracking, but we promise this episode will make it less scary and more empowering.    In this episode of Off the Wall, hosts David Armstrong and Jessica Gibbs welcome Ann Garcia, aka The College Financial Lady. Ann is a CERTIFIED FINANCIAL PLANNER™, Managing Partner of Independent Progressive Advisors, and a mother of twin college students. As The College Financial Lady, Ann has helped thousands of students save money on college education while protecting their parents' financial futures.    Tune in to learn Ann's top tips and advice on saving money for college, the different ways you can use your 529 savings plan, and how to take advantage of scholarships and financial aid. Plus, she offers helpful advice on talking to your kids about money and college.    “The sooner you set up a 529 and start an automatic monthly contribution, even if it's $10 a month, the better off you're going to be in the long run.” – Ann Garcia  *Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures.     Episode Timeline/Key Highlights:  [00:50] Introducing Ann Garcia & the topic of today's episode.  [01:56] Is going to college a good investment?  [07:56] The dangers of pushing your child to be a high achiever.  [11:23] Explaining weighted vs. unweighted GPA & Which GPA do colleges look at?  [14:14] Two ways to answer: How much should I save for my kid's college fund?  [19:44] How to set aside money for a college fund without compromising your retirement.  [22:02] Why you should use a college's net price calculator.  [23:00] How to roll over surplus 529 money using the new provision in the SECURE 2.0 Act.  [26:52] Talking to your kids about money and college.  [29:40] What you need to know about college scholarships and financial aid.    Resources Mentioned:  Take Ann's Masterclass - How to Pay for College: http://bit.ly/3YjwvLu   How to Pay for College by Ann Garcia, CFP®: http://bit.ly/3DZkTFs     About Ann Garcia:  Ann Garcia, CFP®, is the Owner of Independent Progressive Advisors, a fee-only Registered Investment Advisor in Portland OR, and author of The College Financial Lady blog (thecollegefinanciallady.com), which has over 15,000 subscribers. In addition, Ann is regularly cited in national media (New York Times, US News & World Report) on the subject of college planning. She earned a BA from the University of California, Berkeley, and is a member of Phi Beta Kappa and of NAPFA, the leading association of fee-only financial advisors. Ann is also a parent of twins who are attending their top-choice colleges.    Connect with Ann:  Visit her website: https://thecollegefinanciallady.com  Connect with her on Facebook: https://www.facebook.com/collegefinanciallady     Connect with Monument Wealth Management:  Visit our website: https://bit.ly/monumentwealthwebsite   Follow us on Instagram: https://bit.ly/MonumentWealthIG   Follow us on Twitter: https://bit.ly/MonumentWealthTW   Connect with us on LinkedIn: https://bit.ly/MonumentWealthLI   Connect with us on Facebook: https://bit.ly/MonumentWealthFB     About “Off the Wall”:  OFF THE WALL is a podcast for business professionals and high-net-worth investors who want to build wealth with purpose. A little bit Wall Street, a little bit off-the-wall; it's the go-to podcast for straightforward, unfiltered wealth advice on topics that founders, business owners, and executives care about.  Learn more about our hosts, Dave and Jessica on our website at https://monumentwealthmanagement.com.     

Money is a major source of concern for a lot of working Americans - 87%, according to a recent survey by the National Association of Personal Financial Advisors (NAPFA). And retirement isn't what it used to be - systems like social security haven't adapted to today's economy and lifespans. How can workers manage their finances and make sure they're saving enough - and early enough? Jeff Jones is the Board Chair for NAPFA. He gives us some advice on how to assess your financial situation, and how employers can help. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Think back to December 2019. Unemployment, interest rates, and inflation were historically low. Then what happened? A pandemic. By the end of March 2020, the S&P 500 had dropped nearly 20%. By the end of the year, scientists had developed a vaccine and markets roared back. Facebook, Apple, Amazon, Netflix, and Google (FAANG) stocks soared. Bitcoin and crypto reached record highs, then they crashed. Meme stocks soared, then toppled. Inflation spiked to the highest levels most of us have ever experienced. Russia invaded Ukraine. Could anyone have predicted any of this? Let us pretend that you had. What would you have done? Would you have stayed in the market if you had known the market would still see an average yearly return of 10%? It is impossible to out-guess the markets. So what should you do instead? Find out in this episode of Best in Wealth. [bctt tweet="Do you have an investment plan that will get you through the good AND the bad times? Learn why this is important in this episode of Best in Wealth! #wealth #retirement #investing #PersonalFinance #FinancialPlanning #RetirementPlanning #WealthManagement" username=""] Outline of This Episode [1:10] Did you open your year-end statements? [3:10] If you could see the future, what would you do? [7:15] What we can learn from the past three years [8:39] Do you have a good investment plan? [12:16] Do not forget your obligation as a family steward What we can learn from the past three years We can expect that the markets will capture human ingenuity across thousands of publicly traded companies around the world. When news of a pandemic hit, the markets adjusted and prices went down. When uncertainty peaked in March 2020, investors demanded a higher return to jump into the market. When news of a vaccine spread, the market adjusted expectations accordingly. But in between those times, the market was volatile. Making any changes was dangerous. The past three years were a good test of whether or not you had an investment plan that was sensible to stick with. So that begs the question, do you have a good investment plan? [bctt tweet="What can we learn from the past three years in the stock market? Find out in this episode of Best in Wealth! #wealth #retirement #investing #PersonalFinance #FinancialPlanning #RetirementPlanning #WealthManagement" username=""] Do you have a good investment plan? Do you have an investment policy statement? Did you test the risk of your investments and what you could expect them to do? Were you comfortable with the downside of the risk that you were taking? Let us think about it. Did you make any mistakes? Now is the time to prepare for the next time. The next three years will be just as uncertain. We just do not know what the uncertainties will be. Make sure your investment plan is sensible and based on financial science. You also need to know your investment philosophy. Know that it is not based on opinion. Secondly, make sure your plan is realistic. Do not copy your friends. Your goals will be different. Your risk tolerance will be different. A plan is no good if you can not stick to it during hard times. Find a risk level that is right for you. So when you open up your end-of-the-year statement, you might not be happy, but you will not be surprised. If you are not sure what is right for you, talk with a financial advisor. Feel free to reach out to me or check out the thousands of financial advisors on NAPFA. Your obligation as a family steward Let us develop and stick to plans that take us through market fluctuations to capture the long-term benefits of the stock market. The stock market is all about people developing better products and services to solve our problems. That leads to profit. As family stewards, we have an obligation to stay in our seats. And if we can stay in our...

Andrew Rotz is a CFP® Practitioner, Certified College Financial Consultant, and NAPFA member with a lifelong mission to serve his community. In his role as the Director of Personal Finance and Financial Literacy at NCSU's CVM in Raleigh, North Carolina, Andrew teaches students to plan around many factors including interests, abilities, values, personality, background, market conditions, and circumstances. In his work with Tide & Tempest Financial Planning, Andrew helps clients and their families know and understand their needs, wishes, wants and the world that influences them to make intentional financial and life decisions. His mission is to enrich, educate, and engage the veterinary community to achieve better financial wellness and peace of mind. Andrew is co-host of Pawcast: Navigating the Veterinary Profession, a podcast offering advice to the veterinary profession on career development, personal finance and the business of veterinary medicine. Andrew also serves his country as a US Navy Reserve officer and recently returned from a deployment to the Middle East. He is married with two sons, living in Raleigh, NC. Topics covered in our conversation include: How Andrew got started working with veterinary professionals Financial foundations for students - why money matters Negotiating in today's hiring landscape Current excitements and fears for employees Is academia keeping up with the pace of industry innovation? The financial challenges of today's modern DVM - student loan debt repayments, the cost of living, and wages How "The Great Wealth Transfer" may play out in vet med Aspiring clinic owners; should you buy or build? What every vet professional should do with their money Andrew's Impact Round! Thank you to Andrew for joining us on the Veterinary Project Podcast! Want to connect with Andrew? You can find him in the following places: andrewrotz@tidetempestfinancial.com tidetempestfinancial.com Andrew's Podcast, "The PawCast: Navigating the Veterinary Profession" can be found on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-pawcast/id1500316675 We're online! Check out our website at theveterinaryproject.com for more info about the show, our hosts, and all things Veterinary Project. If you liked the show and want to stay in the know, please subscribe to the podcast on the listening platform of your choosing. Want to join our community of like-minded Veterinary Professionals? Send an email to theveterinaryprojectpodcast@gmail.com and we'll get you connected to our private Veterinary Project Facebook group. Any questions, comments, feedback, or requests for guests can also be sent to theveterinaryprojectpodcast@gmail.com. Thank you for listening and we look forward to seeing you next Wednesday for another episode of The Veterinary Project Podcast!

When a life-changing event happens, paperwork inevitably follows. Aimee chats with Brian Thompson, JD, CFP, about the types of documents you want to have ready in case of an emergency. Brian also shares tips for picking professionals to help organize your legal and financial affairs and to make sure your friends and family know who to call in an emergency. Episode Highlights Start where you are. While it can be uncomfortable to think about our own death or becoming disabled, those feelings are normal. With his clients, Brian begins by digging into the reasons why someone would be motivated to create an estate plan, such as leaving a legacy or taking care of their family. That motivation can often help them complete tedious tasks they might have put off otherwise. “It's scary to think about the worst things happening to you,” Brian said. “If you start with the why, we can then build a plan around that.” Types of paperwork to consider. Documents and policies you want to consider creating and keeping up-to-date include: An estate plan Disability insurance Health insurance Life insurance For life insurance, Brian recommends keeping your life insurance policy separate from your other investments. This is most commonly done through term life insurance. “With term insurance, you're covered for the next 30 years while you build your wealth, grow your family, and take care of your kids,” Brian said. “After that 30 years, you'll likely won't need it anymore because you'll be self-insured.” While most people think about life insurance, you shouldn't forget disability insurance -- especially because you're 2- to 3-times more likely to become disabled than to die. “Your biggest asset is your earning potential,” Brian said. “It's not your house, it's not your investment accounts, it's your ability to earn money for decades, and if you aren't able to do that, you're in trouble, right?” Secure your documents. You'll want to create a place where you securely store all of your important documents. Brian's clients use an online portal for their estate plan, tax documents, cashflow documents, and more. “In times of emergency, you already have enough stress,” Brian said. “It's just going to add more stress to you to find where the documents are or that they're 15 years old or having to get them organized.” Brian also recommends creating a document that outlines all of your important information, such as your property, assets, people to contact, estate planner, insurance broker, and financial advisor. You can even Google  “What My Family Should Know” or “What My Family Should Know” to find templates you can fill out. “If you don't feel like you can afford a financial plan, this is a great place to start,” Brian said. Hire the right professionals. If the thought of all this paperwork is making your head spin, you're not alone. It can be overwhelming, which is why it's helpful to have the right professionals. “Friends and family will be there for you and will support you emotionally, but the nuts and bolts of the specifics of what needs to be done, you leave that to a professional,” Brian said. “The great thing about estate plans is that they can also provide a caveat that the person who is designated can hire a professional to help.” Brian recommends having a good estate planning lawyer in your area to make sure you have the proper estate plan documents and that those documents are worded correctly, since estate laws are state specific. He also recommends hiring a financial planner who can take you step-by-step through the process.   “I always suggest going to a fee-only planner because then there's no conflict of interest,” he said. Resources + Links Financial Planning Resources: XY Planning Network, NAPFA, FPA Brian Thompson: Website, Twitter, Instagram, Facebook Aimee Kandrac: Website, Facebook, Twitter, LinkedIn WhatFriendsDo: Website, Instagram, Facebook, Twitter, LinkedIn About Aimee and WhatFriendsDo Aimee Kandrac is a speaker, consultant, and the co-founder and CEO of WhatFriendsDo. Her work is instrumental for organizing support during life-changing events, and she speaks to organizations about creative ways to help friends and family during times of crisis. Aimee has been recognized as a Top 50 Mompreneur by Babble.com and is the first female CEO in the state of Indiana to close a $500,000 funding round. She has been featured in Forbes, Time, the LA Times, Oprah.com, the Indianapolis Star, and more. WhatFriendsDo is a simpler way to create organized and actionable support during a time of crisis. The free, online platform empowers healthcare facilities, HR departments, families, and friends to easily coordinate meals, errands, transportation, childcare, communication, and more for those in the midst of a life-changing event. The women-founded and women-led company started as a solution for a friend with terminal cancer. WhatFriendsDo is based out of Indianapolis.

Transformational Philanthropy from the Donor's Perspective: Interview with Ron Zeeb, Founder of The Heritage Institute Transformational Philanthropy from the Donor's Perspective: “When the non-profits learn to focus on my need to give rather than their need to get, they will get a lot more from me.” As the recently released Bank of America Study of Philanthropy (previously known as the US Trust Study of High Net Worth Philanthropy) found, the number 1 reason affluent donors choose a cause or organization to support is the donor's values (72%). Only 48% gave due to the perceived need of the organization or issue, and only 13% gave due to a compelling pitch (in person, virtually, or via collateral). Therefore, the key to generating transformational gifts is to focus on the donor's values and desired outcomes and then provide opportunities for them to fulfill those desired outcomes. Consequently, your focus needs to be on the desired outcomes of your donor (their need to give), rather than the organization's needs (your need to get). Rodney C. Zeeb, JD, HDP™, Founder and CEO of The Heritage Institute. Rod has over three decades of experience in estate planning, charitable planning, and heritage design and is recognized internationally for his contributions to the field. Among the major national conferences and events Rod has spoken to are Pershing's INSITE Conference, MDRT, NAIFA, Kingdom Advisors, Securities Industries and Financial Markets Associations (SIFMA ), NAPFA, United Way of America National de Tocqueville Conference, FPA (national and regional groups), International Association of Advisors in Philanthropy, National Association of Charitable Gift Planners, and many others. Rod typically receives the highest speaker evaluations. Rod has been quoted in The Wall Street Journal, The Christian Science Monitor, Dow Jones News, Macleans Magazine (including international editions), Wealth Collection Magazine, Financial Advisor Magazine, Wealth Manager Magazine, Inside Information, and many other print and online publications. Rod has written numerous articles and white papers. He is also the author of Beating the Midas Curse (now in its 3rd Edition) and Family Stewardship, and co-author of the novel What Matters. Learn more about your ad choices. Visit megaphone.fm/adchoices

On today's episode, I connect with Ben Hockema CFP, Founder of Illuminate Wealth Management. Ben is a personal friend as he was our previous financial planner. We talk through: Ben's early relationship with money Entering the financial planning industry The importance of a financial plan and being a fiduciary Why Ben and his team fired me and my wife (jokingly!) If you are in need of a financial planner, feel free to reach out to Ben or find one on NAPFA (https://www.napfa.org) Ben Hockema, CFP. Owner of Illuminate Wealth Management https://www.illuminatewm.com/ This is the Story of Podcast -- Road to Wealth Season 4 Twitter: @roadtowealthpod Instagram: @roadtowealthpodcast Feel free to leave a rating and review on your podcast player. MUSIC VISIONS Music by Lakey Inspired (Soundcloud Link: https://soundcloud.com/lakeyinspired/visions) Promoted by BGMD No Copyright Music http://tiny.cc/yf4qpz License: Creative Commons

If you are getting close to retirement you have probably been watching the financial news to help you stay up to date with what is going on in the world. If so, you won't want to miss out on hearing why this is not a good idea.  Today, I'll also answer questions about bonds, charitable gifting, and how to find a financial advisor. Make sure to stick around until the end to hear about upcoming changes to Medicare with, Medicare expert, Danielle Roberts from Boomer Benefits.  Keeping up with the news won't help you navigate your way through retirement Have you read the news lately? It's not pretty out there. Inflation, bear markets, rising interest rates, political craziness, a poor economy: it's non-stop fear peddled 24-7. Staying up with the news will not help you navigate your retirement journey. Trying to stay on top of the news will only bring you more stress and worry. You're not going to weather this bear market by keeping up with the headlines. Instead, you'll navigate it by getting to the bottom of things, relaxing, using a process, and making a judgment call. If you are interested in the process that we teach, join one of our live meetups on October 27 or 29. Register at LiveWithRoger.com Should I switch my bond portfolio to CDs? When choosing which type of investments to own it is crucial to use a process and consider what the money will be used for. You'll need to ensure that you have an emergency fund and 5 years of prefunded consumption before building your long-term income floor. You can prefund your first 5 years of consumption with individual assets that mature when you need them by using CDs, treasury bills, Treasury Inflation-Protected Security (TIPS), MYA-guaranteed annuities, or individual bonds. Build this income floor by creating an income ladder that matures at the time you will need to use it. The current market is a good example of why you wouldn't want to use stocks and bond funds for these first 5 years of cash on hand.  Beyond the first 5 years, you'll build a portfolio that contains a mix of stocks and bonds. At this point, rather than buying individual bonds you may want to purchase ETFs and managed index bonds. This way, as interest rates rise, the funds get reinvested back into your portfolio.  By ensuring that you won't need these funds for 5+ years, you don't have to worry about the markets or rising interest rates.  Look out for these upcoming changes to Medicare Medicare's annual open enrollment period is coming up soon, so Danielle Roberts joins me to discuss the real and potential changes coming to this essential benefit. Listen in to learn about the crucial difference between the annual open enrollment period and the one-time-only initial enrollment period that occurs when you turn 65.  You'll also hear about how recent legislation will change drug coverage for many common drugs. Danielle offers a wealth of information, so you won't want to miss out on her expertise. Stick around until the end to hear her take on what is happening in Medicare news.  OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN PRACTICAL PLANNING SEGMENT [2:11] Staying on top of the news will only bring you more stress and worry LISTENER QUESTIONS [7:23] Should I switch my bond portfolio to CDs? [12:07] What to use for your middle bucket [13:48] On using charitable gift annuities in retirement planning [17:27] How to find a financial advisor to help plan retirement [21:44] Should taxable and tax-free assets be weighted differently on a net worth statement? MEDICARE NEWS WITH DANIELLE ROBERTS FROM BOOMER BENEFITS [24:53] Changes to Medicare to look out for [37:30] What to look out for in your mailbox [45:35] Potential changes upcoming in 2023 TODAY'S SMART SPRINT SEGMENT [47:20] Stop trying to stay on top of things Resources Mentioned In This Episode LiveWithRoger.com - Make sure to secure your spot for the live event on October 27 or 29! Boomer Benefits RetireAgile.com NAPFA.org can help you find a fee-only, fiduciary financial advisor Rock Retirement Club Roger's YouTube Channel - Roger That BOOK - Rock Retirement  by Roger Whitney Roger's Retirement Learning Center

Are you prepared for the non-financial side of retirement? Take our free quiz ___________________________ What challenges and opportunities do women face in planning for retirement? I often say that my male clients can learn a lot from my female clients. Joining us today is Marjorie Fox, JD and CFP ®, co-author of WOMEN WISE: The Essential Guide to Lifestyle and Financial Decisions As We Age. We discuss: The disadvantages women face in planning for retirement The advantages women bring to retirement How to navigate the transition to retirement, and also the major life transitions in retirement The top 3 financial decisions women need to prepare for What people should look for in a financial advisor – and what to look out for Why being able to say No is important in retirement The most pleasant - and unpleasant - surprises in her own transition to retirement Do's and Don'ts she'd offer women listening on planning for retirement __________________________ Bio Founder and CEO of FJY Financial, LLC, a financial planning and investment advisory firm, Marjorie L. Fox, JD, CFP®, retired at the end of 2018 after more than thirty years in the financial planning profession. FJY Financial is known for its white paper “Implementing Internships,” its merger in 2014 with LifePoint Financial Partners in Midland, Texas, and for an internal succession plan that succeeded in passing Marjorie's ownership interest in the firm to the next generation of owners. The firm was named a “Best Place to Work” by the Washington Business Journal in 2013 and won the Schwab Impact Pacesetter Award in 2015. Marjorie served on the Board of Directors of the National Association of Personal Financial Advisors (NAPFA) and the NAPFA Consumer Education Foundation. She was named one of the “Twenty Most Influential Women to Watch” by Investment News in 2015 and in 2018 received NAPFA's Robert J. Underwood Award for Distinguished Service. Marjorie is a fourth-generation Californian who earned her B.A. from Pomona College and a law degree from UCLA. For almost forty years, she has called Virginia home. She and her longtime friend and professional colleague Eleanor Blayney, MBA, CFP® wrote Women Wise together in an effort to help single women in their 60s and 70s make financial and lifestyle decisions. _________________________ For More on Majorie L. Fox, JD, CFP® The Book: WOMEN WISE: The Essential Guide to Lifestyle and Financial Decisions As We Age - by Eleanor Blayney and Marjorie Fox _________________________ Podcast Episodes You May Like Retirement Planning Considerations for Women – Russ Thornton Advice for Successful Career Women Transitioning to Retirement – Helen Dennis Are You Ready for The New Long Life? – Andrew Scott What Can You Do to Age Better? – Anna Dixon _________________________ Get your copy of Win the Retirement Game Here's what readers are saying: "I wish I had this book when I retired." "A wonderful guide for the soon to be or recently retired..." "Win The Retirement Game is well written, easy to read, and hard to put down. I highly recommend this book not just to those about to be or recently retired, but to anyone anticipating or experiencing a life transition." "This is the book I didn't know I needed after retiring!" "It's a quick read and not at all a “how to” but rather a fun exploration with real examples of how different people handled their fears and concerns about retiring." "This is a great gift for anyone anticipating retirement years or already in the thick of it." _________________________ Wise Quotes On Common Mistakes to Avoid "...And we call some of those mistakes, unforced errors and other mistakes, MIBIs and MIBMs - miss it by an inch, miss it by a mile. We define unforced errors as the mistakes you won't make if you take the time and make the effort to understand [things like ] Social Security...

Welcome to episode #22 of Social Security: Answers From The Experts with Martha Shedden. In this episode Martha sits down with Geoffrey Brown and they discuss both exactly what NAPFA is and why what they do for their members could be important to you, as well as good advice for consumers who are trying to navigate the often confusing endeavor of working with a financial advisor.   Geoffrey E. Brown, CAE , is the Chief Executive Officer of the National Association of Personal Financial Advisors (NAPFA). In this role, he is responsible for the association's strategic direction, external relations, and ensuring its operational success. He has worked in the association management industry since 2000. Prior to joining NAPFA 2013, Brown had been an account executive with Sentergroup, a Chicago-based management consultancy specializing in associations and other nonprofit organizations.   Here is what to expect on this week's show: How Geoffrey became interested in, and involved in, the management of associations (specifically financial ones). A breakdown of the different ways that financial professionals charge you for their services. Why fee-based financial professionals are often the ones you should stay clear of, but fee for service can be great (which is confusing). Information about the fiduciary oath and the code of ethics that members of NAPFA commit to on a yearly basis. The types of licenses and certifications that NAPFA members have. A look at the retirement planning that NAPFA members partake in with their clients. Do most financial advisors know enough to properly advise their clients on Social Security? What should people look for when deciding which financial advisor to work with, and how do you find your options to begin with? The importance of finding someone who works with the type of niche that you yourself fall into. The opportunities that NAPFA members look for to continually grow and better their businesses.     Relevant Links: https://www.napfa.org Connect with Geoffrey & NAPFA: LinkedIn: https://www.linkedin.com/in/geoffrey-brown-cae-9039484/ YouTube: https://www.youtube.com/channel/UCz5dfb61JHACZuH3lNSwmwA Facebook: https://www.facebook.com/NAPFAFeeOnly/ Twitter: http://www.twitter.com/NAPFA     Learn more about your ad choices. Visit megaphone.fm/adchoices

Do social media influencers have the education to give proper financial advice?  Jeff Jones, the director of financial planning at Longview Financial Advisors, lists some red flags to know before following the advice of someone speaking to the masses and not directly to you. To find a financial planner that is right for you go to NAPFA.org. You can follow this show on Instagram and on Facebook. And to see what Heather does when she's not talking money, go to her personal Twitter page. Be sure to email Heather your questions and request topics you'd like her to cover here.   See omnystudio.com/listener for privacy information.

On Episode #19 of Personal Finance from the Hill-Top, Kyle mentions a unique opportunity to be able to deduct up to $600 ($300 for Single) from your taxes in 2021, even if you're taking the Standard Deduction (Single $12,550/MFJ $25,100). He is also joined by Stephanie Boyer, Chief Executive Officer of reStart, an organization that provides support to Kansas City's homeless population with a continuum of housing services. Stephanie discusses her background, homelessness in Kansas City, some of the major causes of homelessness, and how reStart is working to help end homelessness. As CEO of reStart, Stephanie shares their biggest challenge and identifies what she believes are three keys to ending homelessness.If you would like to make a donation to reStart check out their website.Resources:$600 Tax Deduction for MFJ Standard Deduction, Hillcrest Transitional Housing, Kyle's Walk-up Song: Beers on Me by Dierks Bentley ft. Breland, and HardyreStart Inc.Website, Facebook, Twitter, LinkedIn, Email, YouTube Podcast Guest:Stephanie Boyer, CEO - reStart Inc.Website, LinkedIn, EmailPodcast Host:Kyle Hill, CFP® - Hill-Top Financial Planning, LLCWebsite,Email, LinkedIn,KCFAN (Kansas City Financial Advisors Network), XY Planning Network (XYPN),NAPFA,FEE-ONLY Network, CFP Board*This podcast uses sounds from freesound: Dry Transition by Electroviolence , Metal Door Slam Shut by

Finding a financial advisor is daunting because you know it's important and yet it's so hard to figure out.  Bottom line up front: Start with finding Certified Financial Planners (CFP®) that understand your situation; do a little online research and then interview a couple. Tune into this week's podcast to learn more about: Hiring a CFP®. This should be a minimum bar. There are plenty of planners out there and it shows a commitment to doing your best job for clients. Who calls themselves advisors? It could be a broker, someone working at a local bank, a wealth manager or an insurance provider. Unfortunately hanging out a shingle of “financial advisor” is not distinguishing enough. Look for domain knowledge. Not only knowledge of financial planning, but also your specific situation. Are you close to retirement? Are you starting a family? Have you just taken your first job? Understand compensation: make sure that you know how the advisor is paid. Is she paid by how much money she manages? Or paid a commission if you invest in a certain mutual fund or buy life insurance? Make sure you know how your incentives are aligned Resources: Find a CFP®: https://www.letsmakeaplan.org/ (Lets Make a Plan) Find a Fee-Only Fiduciary Planner: https://www.napfa.org/ (NAPFA.org) https://www.marottaonmoney.com/ten-questions-to-ask-a-financial-advisor/ (Ten Questions to ask a Financial Advisor) [Marotta on Money] Another: https://www.nerdwallet.com/article/investing/10-questions-ask-financial-advisor (Ten Questions to ask a Financial Advisor) [NerdWallet]

Credentials vs licensing vs. education:  Each plays a different role Credentials--Help apparent credibility.  You can stop at a certain point--no one really cares about your alphabet soup Licensing--What allows you to legally do business in a certain capacity.  We stopped with our Series 65 licenses. Education--This will help you in your ability to help people.  This is the most important aspect, but also the least quantifiable.  This never stops.

“Fee Only means I only get paid a fee from my clients. I don't get paid fees from products, from brokerage firms, from banks, from insurance companies… I only get paid by the client and that is the person I'm responsible to.” - Brent Hoskins, CFP®, CKA® of Focal Point Financial Group “One of the questions you need to ask advisors you're interviewing is, ‘how do you get paid?'” - Donovan Brooks, CFP®, CKA® of Storyline FinancialIn episode 13, we're talking about what the hell is Fee Only?Brent Hoskins, CFP®, CKA® of Focal Point Financial Group and Donovan Brooks, CFP®, CKA® of Storyline Financial, sit down with Kyle to discuss what it means when an advisor says they're a “Fee Only advisor”. Do you know how your advisor gets paid? They break down the two basic ways advisors are compensated by their clients, which leads to the three different types of compensation structures (Commission, Fee Based, & Fee Only), which leads further into the various Fee Only models (AUM, Flat Fee, Hourly, and more). Tune in!"Do you want to pay for products that you can get for free, or do you want to pay for the advice?" Kyle Hill, CFP® Resources:Man of the House (1995), Rochester Brewing and Roasting Co.: Stone Fruit Pale Ale, River Bluff Brewing, Roasterie: Full Vengeance, Drink your coffee, Roasterie: Betty's Recipe, Parenthood - Forever Young, What is Fee-Only Financial Planning by NAPFA, XY Planning Network, NAPFA,Donovan Walk-up song: Lecrae - Over the Top /Andy Mineo, Brent Walk-up song: Alphaville - Forever Young Kyle Walk-up song: Jump Around by House of PainBrent Hoskins, CFP®, AWMA®, CRPS®, RICP®, CKA® - Focal Point Financial GroupWebsite,Email,LinkedIn,XY Planning Network...

Episode 12: Why You Should FIRE Your Financial Advisor | Money Saving Life Hacks In this episode we will be discussing why we think most people should FIRE their financial advisors. Why do we say to fire your financial advisor? Well, oftentimes financial advisors are holding you back from achieving financial success faster. What do we mean by this? Financial advisors typically charge anywhere from 1-2% of AUM (Assets under management) to have you as a client. In addition to the AUM fee you're paying with your advisor - you also have to pay “hidden” fees for the investments they put you in. Sometimes the advisors get a kick back from the funds they recommend or put their clients in. What do we mean by this? If they put you in a mutual fund, that fund could charge an annual expense ratio anywhere from 0 to 1% or more. They could be using front end load or back end load mutual funds Explanation on front end and back end load mutual funds Front end load mutual funds are mutual funds that charge a fee upon investing in them. Back end load mutual funds are mutual funds that charge a fee upon redeeming or selling the mutual fund. Selling point is that they will have LESS ongoing fees than a traditional fund that may charge 1% or so. Obviously we know at D&H - that you can buy no-load mutual funds/etf's with no or extremely low fees. AVOID front end/back end load funds that some advisors recommend This can be a HUGE drag on your overall investment success. What should you do instead of hiring a financial advisor? Invest in broadly diversified low cost ETF's and mutual funds. We have a full episode of some of our favorites- check out episode 005 If you do want to have an advisor: Make sure to hire someone who is held to the fiduciary standard AND who is FEE only What is a fiduciary? Someone who is bound by law to put your interests ahead of their own interests One would think anyone giving investment Who is a fiduciary: Any investment advisor who is registered with the SEC (Securities and Exchange Commission) Who does not have to be a fiduciary? Insurance agents, stock brokers, and broker dealers - They only have to adhere to the “suitability standard” - which lacks teeth Two types of financial planners: Fee only and Fee Based Fee Based financial planners - Charge you a fee based upon assets under management. As your portfolio grows, so does the raw dollar amount that they're being paid for their services. This fee can often get out of control as you accumulate a large sum of money. $2m portfolio becomes 20k in fees at 1% and 40k in fees at 2% Websites mentioned on the podcast: Headline: How to invest money based on advice from Warren Buffet How to find a fee only financial planner: www.NAPFA.com Clark howard credit freeze guide: https://clark.com/credit/credit-freeze-and-thaw-guide/

This week our guest is Danielle Seurkamp. Danielle is a CERTIFIED FINANCIAL PLANNER and the Founder of Well Spent Wealth Planning. She is a blog contributor for Forbes, is on the national board of directors for the country's leading association of fee-only financial planners and, in 2017, won the national New Professional Award from NAPFA. I have been in a peer group with Danielle for almost a decade and I'm looking forward to sharing her story with you!Check Out Danielle's company at www.wellspentplanning.comYou can also contact Danielle directly at danielle@wellspentplanning.comTo read Danielle's Forbes blog, you can follow her here: https://www.forbes.com/sites/danielleseurkamp/